Air Miles could be very well-known amongst Canadian factors collectors. Though many would say Air Miles misplaced a few of its lustre lately, BMO acquired and relaunched this system in 2024 with new companions and extra methods to earn Miles. Let’s see how the three BMO bank cards out there to on a regular basis collectors stack up in opposition to one another.
Finest Air Miles bank cards in Canada
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Gold: Finest Air Miles bank card
BMO AIR MILES Mastercard
Save on an annual payment and earn as much as 3 Miles per $25 spent at Air Miles companions.
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Curiosity Charges:
21.99% buy, 23.99% money advance, 23.99% steadiness switch
Welcome supply:
$158 worth
Earn 1,500 AIR MILES Bonus Miles! That’s sufficient for $150 in the direction of purchases with AIR MILES Money
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Silver: Finest Air Miles bank card
BMO AIR MILES World Elite Mastercard
Acquire Air Miles twice as quick by incomes as much as 3 Miles per $12 spent at Air Miles companions.
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Curiosity Charges:
21.99% buy, 23.99% money advance, 23.99% steadiness switch
Welcome supply:
$316 worth
Earn 3,000 AIR MILES Bonus Miles! That is sufficient for $310 in the direction of purchases with AIR MILES Money!
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Best option for college kids
BMO AIR MILES Mastercard – Pupil
Related options and earn charges because the BMO Air Miles Mastercard, however with fewer eligibility necessities.
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Curiosity Charges:
21.99% buy, 23.99% money advance, 23.99% steadiness switch
Welcome supply:
$85 worth
Earn 800 Air Miles Bonus Miles value $80 in the direction of purchases with Air Miles Money
Gold: BMO Air Miles Mastercard
At a look: The no-fee BMO Air Miles Mastercard is the best choice for informal Air Miles collectors. With respectable rewards and a normal set of perks, it is a nice entry-level card, particularly for Canadians who take part in a number of loyalty applications and aren’t all in favour of paying an annual payment.
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BMO Air Miles Mastercard
Annual payment: $0
Welcome supply: Earn 1,500 Air Miles bonus Miles ($150 worth) and a 0.99% introductory rate of interest on steadiness transfers for 9 months with a 2% switch payment.
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
| Earnings required | Private earnings of $15,000 |
| Credit score rating | 660 or increased |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105. |
Silver: BMO Air Miles World Elite Mastercard
At a look: When you’re a extra severe Air Miles collector, the BMO Air Miles World Elite Mastercard provides nice rewards and advantages. This card is greatest for individuals who need to maximize rewards by way of the Air Miles program. With nice earnings on journey and a complete suite of journey insurance coverage and perks, this card is a superb possibility for frequent flyers.
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BMO Air Miles World Elite Mastercard
Annual payment: $120
Welcome supply: Earn 3,000 Air Miles bonus Miles ($310 worth)
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances, 23.99% on steadiness transfers |
| Earnings required | Private earnings of $80,000 or family earnings of $150,000 |
| Credit score rating | 760 or increased |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105. |
Finest Air Miles bank card for college kids
At a look: This scholar card comes with principally the identical earn charges and advantages because the BMO Air Miles Mastercard. Nonetheless, as a student credit card, the eligibility necessities are much less strict. To qualify, you’ll must be a scholar at a acknowledged post-secondary college, aged 18 to 24 and the age of majority in your province, a Canadian citizen or everlasting resident, and have an earnings (both employment, scholarship/grant, scholar mortgage or household allowance).
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BMO Air Miles Mastercard for College students
Annual payment: $0
Welcome supply: Earn 800 Air Miles bonus Miles ($80 worth)
Card particulars
| Rates of interest | 21.99% on purchases, 23.99% on money advances |
| Earnings required | None specified |
| Credit score rating | 660 or increased |
| Level worth | 1 Dream Mile = $0.0121 on common when redeemed for journey. 1 Money Mile = $0.105. |
What’s modified about Air Miles?
BMO bought Air Miles in March 2023, after this system’s proprietor, Loyalty Ventures Inc., filed for chapter. In July 2024, the financial institution unveiled modifications to Air Miles geared toward “reinvigorating one among Canada’s largest loyalty applications.” The modifications embody new methods to earn and redeem Air Miles rewards. Learn extra about the Air Miles relaunch.
The place are you able to acquire Air Miles in Canada?
There are dozens of retailers and repair suppliers that provide Air Miles. Once you store at these shops, you’ll earn further Air Miles in your purchases. Word, as of July 21, 2024, Metro is no longer an Air Miles partner; as an alternative, the grocery retailer chain now provides Moi rewards in Metro and Meals Fundamentals shops. The present listing of Air Miles companions consists of:
- Alamo Automobile Rental
- Boston Pizza
- Funds Automobile Rental
- Decathlon
- Dollarama
- World Pet Meals
- Goodyear
- H&M
- Harry Rosen
- Instacart
- Porter
- Shell
- Simons
- Through Rail
Which fuel stations take Air Miles?
Whereas Air Miles is extensively accepted in Canada, this system is barely provided at a restricted variety of Canadian fuel stations. Presently, Shell Canada and Irving Oil are the 2 fuel stations in Canada that assist you to pay with Air Miles. BMO Air Miles cardholders additionally get:
- 1 Mile for each 10 litres of premium gasoline, and 1 Mile for each 10 litres of bronze, silver and diesel gasoline at Shell Stations, plus 1 Mile for each $5 spent on automotive wash or in-store merchandise.
- 1 Mile for each 20 litres of gasoline bought at Irving Oil fuel stations, plus 1 Mile for each $20 spent on comfort retailer merchandise and automotive washes.
Dream Miles versus Money Miles
One other function of the Air Miles program is that it permits you to select from two alternative ways to earn: Money Miles or Dream Miles.
Money Miles can be utilized in the direction of on a regular basis buying at groceries or fuel at collaborating companions. You might use your Miles on garments at Lululemon, on an evening on the motion pictures with Cineplex, and even on a latte from Starbucks. The speed stays the identical, and Money Miles are easy to redeem both in-store at Air Miles companions or on-line for Air Miles e-vouchers.
Dream Miles are saved towards a “dream” reward, like journey, occasion tickets or home equipment. These are usually big-ticket objects (“greater” than what you’ll use with Money Miles), and the redemption price varies. You might redeem your Dream Miles for a flight booked on one of many Air Miles companion airways.
As an Air Miles collector, it’s a must to select whether or not to earn your Miles within the Money or Dream classes—however don’t fear in regards to the dedication. You possibly can select both or each. For instance, if you wish to use all your Air Miles for on a regular basis purchases, you possibly can go on the Air Miles website and choose 100% of your Miles going to Money. Or, if you’d like all your Miles to enter financial savings in opposition to a visit, you’d select 100% Dream. Or, you possibly can break up between the 2 in any proportion you need: 50:50, 60:40, 80:20, or some other mixture.
Air Miles collector standing
Beforehand, Air Miles members couldn’t switch Dream Miles to Money Miles (and vice versa), as soon as the rewards had been earned. Nonetheless, with the current modifications to this system, Air Miles can now be transformed relying in your collector standing. Listed below are the three Air Miles tiers, and tips on how to qualify for every:
- Blue: Each Air Miles collector is mechanically given Blue standing.
- Gold standing: Get 500 to 4,999 Miles in a calendar 12 months, or be a cardholder of the BMO Air Miles Mastercard to mechanically qualify.
- Onyx standing: Get 5,000 Miles or extra in a calendar 12 months, or be a cardholder of the BMO Air Miles World Elite Mastercard to mechanically qualify.
Gold and Onyx collectors can convert Dream Miles to Money Miles and vice versa. Onyx collectors get limitless transfers, whereas Gold collectors can switch as much as 1,000 Miles per 12 months. Gold and Onyx collectors additionally get extra journey advantages and merchandise reductions. Every tier comes with the flexibility to redeem with a mixture of money and Miles.
What’s Air Miles Receipts?
Air Miles Receipts rolled out quickly after BMO’s acquisition of this system in 2023. Grocery purchases had been as soon as top-of-the-line methods to earn Air Miles. However after the Sobeys and Metro grocery chains left this system, incomes Miles grew to become a lot tougher. Air Miles Receipts is this system’s response to that.
Now, Air Miles members can earn factors on grocery product-specific provides made out there by way of the Air Miles app. Customers can discover new provides, together with qualifying particulars and situations, within the app. After getting made an eligible buy—for instance, there could also be a suggestion to purchase any flavour of a specified model of yogurt from a qualifying retailer—you merely scan and add your paper receipt (in full) utilizing the app. Your Air Miles rewards ought to seem in your account inside just a few weeks.
One advantage of utilizing Air Miles Receipts is that collectors can earn a number of rewards currencies on a single buy. For instance, when shopping for groceries from a Sobeys grocery retailer, consumers can swipe an American Categorical bank card and a Scene+ loyalty card on the register—incomes each Amex Membership Rewards factors and Scene+ factors. They’ll then scan their receipt and earn Air Miles rewards on the identical buy by way of Air Miles Receipts.
